Contingency profiles are simply generic formulas created by your Back Office administrator that add a specified risk buffer to a project’s estimated schedule, cost, effort, and quality. Once defined, contingency profiles can be made available to Estimation Service users via the Contingency Dashboard or deactivated if they are no longer needed. SLIM-Collaborate offers two types of Contingency profiles. Target Probability profiles use Monte Carlo simulation to create a distribution of potential outcomes, allowing estimators to choose higher assurance (risk buffered) “commit-to” values for various management metrics. Fixed Percentage profiles add a fixed buffer (example, 20% on effort, 10% on schedule) to an existing estimate.